Lubrication Engineers Strengthens Portfolio with SWEPCO Buyout
Lubrication Engineers Expands Market Reach with SWEPCO Acquisition
Lubrication Engineers (LE), a notable leader in the development, manufacturing, and marketing of high-performance industrial lubricants, has recently made waves in the industry with its acquisition of Southwestern Petroleum Lubricants (SWEPCO). This acquisition marks a significant milestone as it stands as Lubrication Engineers' third strategic acquisition in the current year.
A Legacy of Excellence
Founded in 1933, SWEPCO has established itself as a prominent name in the industry, specializing in the production of premium greases and lubricating oils tailored for a variety of industrial and food-grade applications. The company's extensive catalog of products includes its famed calcium sulfonate grease solutions, a wide range of gear oils, engine oils, and essential lubricants. SWEPCO’s innovative products are widely sold across the globe, ensuring high quality through proprietary additives.
A Complementary Partnership
In a statement, Eric Borland, the CEO of Lubrication Engineers, expressed his enthusiasm about the merger. He noted that, “SWEPCO's highly engineered solutions and technological expertise are complementary to LE. Our shared legacy of over 70 years in chemical innovation positions us well to enhance customer service and product offerings.”
Enhancing Capabilities and Distribution
This acquisition is set to significantly enhance Lubrication Engineers' manufacturing capabilities, particularly in calcium sulfonate grease production. The partnership is expected to broaden LE's distribution reach, allowing them to cater effectively to a more extensive customer base.
Commitment to Innovation
Craig Foster, CEO of SWEPCO, was equally optimistic, sharing, “This partnership is a clear win for our users, distribution partners, and suppliers. With LE leading the way in industrial lubrication, we can continue to innovate and improve customer experience and equipment reliability.”
Focus on Product Innovation
Both companies aim to leverage their rich histories and innovative approaches to enhance product development significantly. LE's commitment to sustainability and high-performance products aligns perfectly with SWEPCO's manufacturing excellence.
About SWEPCO
SWEPCO takes pride in its global reputation, offering over 100 unique formulations that include greases, engine oils, and hydraulic fluids, all engineered with proprietary additives for unmatched performance. Their products cater to diverse sectors, affirming the company’s dedication to quality and customer satisfaction.
About Lubrication Engineers
With its origins tracing back to 1951, Lubrication Engineers is committed to delivering premium lubricant solutions designed to maximize equipment life while minimizing operational costs. The company operates under an ISO 9001 Certified Quality System, ensuring service excellence to clients in over 60 countries worldwide.
About Aurora Capital Partners
Aurora Capital Partners, based in Los Angeles, plays a vital role in sponsoring the growth of Lubrication Engineers. Managing assets around $6 billion, Aurora invests in middle-market companies with rich market potentials and growth opportunities.
Frequently Asked Questions
What recent acquisition did Lubrication Engineers announce?
Lubrication Engineers has announced the acquisition of Southwestern Petroleum Lubricants (SWEPCO).
When was SWEPCO founded?
SWEPCO was founded in 1933, specializing in lubricants for various industrial applications.
What advantages does the merger provide for Lubrication Engineers?
The merger enhances LE's manufacturing capabilities, particularly in calcium sulfonate grease, and expands its distribution network.
Who are the key executives involved in the acquisition?
Eric Borland is the CEO of Lubrication Engineers, while Craig Foster serves as the CEO of SWEPCO.
What is the main focus of Lubrication Engineers?
The primary focus of Lubrication Engineers is developing premium lubricants to prolong equipment lifespan and reduce maintenance costs.
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